Mels Charities Inc

Analysis

Mels Charities Inc is a registered charity in United States, based in Cedarburg, WI. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mels Charities Inc reported income of $633k and spending of $659k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $315k to $633k (+101%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mels Charities Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within WI. Charities of a similar size with the same main cause include Louisiana Delta Community College Foundation ($633k), Charity Bridge Fund ($634k) and United Way of Cass County Inc ($633k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $69k (11% of expenses). Other salaries and wages came to $15k. At year end it held assets of $575k against liabilities of $13k, net assets of $562k. It reported 2 employees.